Spaeter’s factory and technical support team in Hungary acquired by Peikko
Peikko has signed a significant cooperation agreement for its cast-in-situ product range in Switzerland. The Swiss company Spaeter AG and its subsidiary Ruwa will sell Peikko’s products to Swiss customers. The products involved in the cooperation include EBEA balcony connectors, reinforcement boxes, shear dowels, PSB® Punching Reinforcement and MODIX® Rebar Coupler products. The revenue generated by the cooperation agreement is expected to exceed EUR 7 million in 2019. The cooperation also includes joint product development for the Swiss market.
At the same time, Peikko has purchased Ebea Kft, which is Ruwa’s (a subsidiary of Spaeter AG) Hungarian unit manufacturing EBEA branded products. The technical support office is located in Budapest, the capital city of Hungary, and the factory is located in the town of Pilis, to the southeast of Budapest. EBEA Kft has 47 employees. No changes to personnel are planned in either Spaeter or Peikko in Switzerland.
“We are pleased to offer our customers an extended product range within the scope of our cooperation with Peikko. We will increase the speed with which we bring innovations to the market and jointly improve the technical customer service with Peikko”, states Thomas Freuler, CEO of Spaeter AG.
“The cooperation with Spaeter will allow Peikko to increase its penetration in the very competitive Swiss market. In addition, it will provide us with immediate access to multiple, important products and further strengthen our manufacturing base in Eastern Europe. This cooperation is a not only a win-win situation for Spaeter and Peikko, but also a big win for our customers”, says Topi Paananen, CEO of Peikko Group Corporation.
Topi Paananen, CEO, Peikko Group Corporation, Tel. +358 50 384 3001, email: email@example.com
Thomas Freuler, CEO, Spaeter AG, Tel. +41 79 409 92 82, email: Thomas.firstname.lastname@example.org
Main media, Peikko websites
Peikko Group in brief:
Peikko Group Corporation is a leading global supplier of slim floor structures and connection technology for precast and cast-in-situ applications. Peikko’s innovative solutions offer a faster, safer, and more efficient way to design and build. Peikko has sales offices in over 30 countries in Asia-Pacific, Europe, Africa, the Middle East, and North America, with certified manufacturing operations in eight countries. Peikko generated a turnover of EUR 225 million in 2018. Peikko is a family-owned and managed company that employs over 1,800 professionals. Peikko was founded in 1965 and is headquartered in Lahti, Finland. Further information: www.peikko.com.
Spaeter Group in brief:
The family-owned SPAETER Group is since 1904 a major supplier and service partner for the Swiss construction and metalworking industry with a significant market share. It has a total of 30 locations and 9 production facilities throughout Switzerland and employs around 750 people. The three divisions Steel & Metal, Construction Materials and Building Technology serve customers from all over Switzerland with a well-rehearsed team of product specialists who have an excellent knowledge in construction processes and solutions. As a nationally active but internationally networked company, SPAETER has the strength in a globalized procurement market to be able to offer customers in Switzerland solutions and services at attractive conditions. The own fleet of 80 trucks, the decentralized warehouses as well as the numerous pick-up shops strives to ensure fastest possible logistic services.